WA 11-12 Essay Example | Topics and Well Written Essays - 750 words

WA 11-12 - Essay Example This is because, in times of crisis a firm would still need an accountant to supervise and manage the company’s cash inflow and outflow. So the job has comparatively lesser risks attached to it. Also, being an accountant one can understand the company’s financial standing and predict the future functioning of the company. So through this information they can stay well informed and make better decisions like investing in stocks and shares or not. The majority of stocks are traded on stock exchanges. Stock exchange is a medium of communication between the buyer and seller. Stock exchange can be a physical place or a virtual place where purchasers and sellers meet up and negotiate on a price of the stock. The main aim of the stock exchange is to lessen the risks linked up with investing and smooth the swap of securities between the buyer and seller. New York Stock Exchange or NYSC is one of the most renowned stock exchanges and it is also known as the â€Å"Big Board†. Huge companies in America like Mc Donalds, Coca Cola, Wal Mart, City Group, Gillette have their stocks in NYSE which has the largest market choice for the biggest firms. The orders are received through the brokerage firms and they stream down to the floor brokers who cover a precise place on the floor where the stocks are traded. This place is identified as the trading post where the person known as the specialist links the buyers and sellers. The NASDAQ is another famous stock exchange. It is a virtual stock exchange and doesn’t have any physical location. The stocks are traded electronically through a complex network of dealers. It serves as a home to the tech masters like Microsoft, Dell, Oracle, Intel, Cisco. The American Stock Exchange, AMEX is another top of the line stock exchange in the U.S and stands third in the ranking. Trading with small cap stocks and their derivatives occurs in AMEX. There